IF A PERSON SELLS HIS FLAT ACQUIRED ONE YEAR BEFORE IN RS 10 LACS THROUGH POWER OF ATTORNEY FOR RS 12 LACS THEN HOW AND WHEN WILL THE CAPITAL GAIN WORKED OUT.

One of our client had made payment @ 25000/- to different 10 transporter, but no PAN had been provided by the transporter. Whether my client is required to deduct TDS or threshold limit of Rs. 30000/- will be applicable?

Let us suppose ABC Ltd. paid Membership fees to Hotel taj. The hotel bill is inclusive of Service Tax. kindly suggest whether TDS will deducted on bill or not.....................

Dear Sir,
An assessee who has got a residencial house of value around Rs. 30 lacs, after his grandfather has passed away in FY 2011-12.
Now please advise me how to treat this property while filing itr 4 of the assessee. Should I mention the house value Rs. 30 lacs in Schedule EI of itr 4 of AY 201213 or not.

Please clarify.
Thanks in advance.

Hello,

We are paying to foreign vendor towards medical transcription services (BPO services) in US dollars. We need to deduct any TDS from the payment. If yes then how much please let me know. Also on which amount we need to deduct TDS because after paying the amount we will know because exchange vary on a daily basis.

I need to file an application for my client U/s 195(2) for NIL deduction of tax certificate.
My client has already made payments to the non-resident prior to filing of an application.
Is he liable to deduct taxes on the amounts paid before the filing of an application?
Or the application filed with the officer would be valid for the financial year 01st April 2012 to 31st March 2013.
Please quote relevant case laws also.
Many thanks.

Hello everyone,

one of my client is a co-op housing society. it has filed belated TDS returns for fy 10-11 & 11-12.

total Tax deducted is Rs.5000/- which has been paid along with interest.

show cause notice is received by the assessee regarding why penalty should not be levied rs.100 per day of default subject to max tds rs.5000/-

reason for late filing is that secretary chairman were not aware about the due date and consultant also not advised them properly.

my question :
Can penalty be waived off by the commissioner on the above ground ??

XYZ COMPANY TOOK ON LEASE A MACHINERY & AFTER 3 YEARS PURCHASED IT THEREBY OWNING THE MACHINE.THE QUERY IS WHETHER THE MACHINE BE TREATED AS NEW MACHINE & WHERE OTHER CONDITIONS AS PER SEC 32 ARE FULFILLED.

PLEASE REPLY
THANKS IN ADV

WE WANT TO MAKE A PAYMENT FOR PURCHASE OF SOFTWARE FOR Rs. 210000/ HE HAS CHARGED SERVICE TAX ALSO , PLS. ADVISE ME T.D.S. APPLICABLE OR NOT? IF APPLICABLE UNDER WHICH SECTION SHALL WE DEDUCT?

Hi,
kindly clarify the following for FY 2012-13.
1.Have sold LAND - A (residential land) and claimed 54F exemption on the purchase of a HOUSE - B (Residential house) in the FY 2010-11 (both in the same year.
At that time of purchase of house-B had ONE more house HOUSE - A only, now to be termed as OLD RESIDENTIAL HOUSE.

2. In the year 2012-13 sold LAND - B. Can I avail section 54F for this FY 2012-13, if I proceed and invest the entire sale consideration obtained in the sale of LAND-B, for constructing an apartment unit, by demolishing HOUSE - A (OLD RESIDENTIAL HOUSE).
The apartment unit will be completed fully and a completion certificate will be obtained during the month of AUGUST 2013.